Paul Burkhardt

1 day ago | bloomberg.com | David Herbling |Paul Burkhardt

(Bloomberg) -- Kenya lawmakers said a lack of detail over Tullow Oil Plc’s sale of oil assets to local company Gulf Energy “raises concerns” for the industry in the East African nation. Tullow ended a decade-long quest to develop discoveries in April, when it sold the inland fields for $120 million to Gulf Energy, a Nairobi-based oil and gas trader. Tullow has announced divestments in recent months toward reducing its debt below $1 billion this year.

1 week ago | bloomberg.com | Paul Burkhardt

The Dangote oil refinery in Lagos, Nigeria. (Bloomberg) -- Nigeria’s time as Africa’s biggest fuel importer has ended as the Dangote mega-refinery boosts production. The title is now held by South Africa, where operational fuel-making capacity has shrunk, according to a consultancy. Billionaire Aliko Dangote’s 650,000-barrel-a-day plant started ramping up in 2024, part of Africa’s leading crude producer’s aim to stop sending oil to Europe to be processed and shipped back.

2 weeks ago | rigzone.com | Mia Gindis |Paul Burkhardt

Oil drifted higher in thin pre-holiday trading as investors’ conviction that the US and Iran can reach a nuclear deal waned while strong US data buoyed a shaky demand picture. West Texas Intermediate edged up by 0.5% to settle above $61 a barrel, with volumes trending lower ahead of Monday’s Memorial Day holiday. The US and Iran concluded a fifth round of nuclear talks in Rome that yielded “some but not conclusive progress,” according to Iranian Foreign Minister Abbas Araghchi.

2 weeks ago | financialpost.com | Paul Burkhardt |Yongchang Chin

Article contentOil extended this week’s decline after United States President Donald Trump threatened to slap a 50 per cent tariff on the European Union. Sign In or Create an AccountArticle contentWe apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team.

2 weeks ago | news.bloombergtax.com | Antony Sguazzin |Paul Burkhardt

A South African helium and gas company, to which the US government has committed $540 million in funding, has received a takeover bid from Washington DC-based ASP Isotopes Inc. The bid for Renergen Ltd. chimes with the Trump administration’s drive to have American companies invest to secure critical material supply chains. It comes from a company that while based in the US, says it traces its history to South Africa’s uranium enrichment program during the apartheid era.